The global Silicone Surfactant Market is currently valued at USD 2.08 Billion in 2023 and is anticipated to expand at a CAGR of 4.66%. Owing to the increasing cosmetic care industry the market is likely to propel to USD 3.28 billion by 2033.
The largest commercial application of silicone surfactants is their use as additives for the production of polyurethane foam. The worldwide volume of silicone surfactants in polyurethane foam has been estimated at 30,000 metric tons/per year. The growth of the silicone surfactants market parallels the growth of the polyurethane foam market.
Rapid industrialization and increased application in end-use industries are likely to drive the growth of the Silicone surfactant market in the forecast period.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 2.08 Billion |
| Projected Forecast Value (2033) | USD 3.28 Billion |
| Global Growth Rate (2023 to 2033) | 4.66% CAGR |
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The silicone surfactants market is expected to gain market growth in the forecast period of 2023 to 2033. Latest market analysis by FMI the market is to grow at a CAGR of 4.66% in the above-mentioned forecast period.
Silicone surfactants find their increased application as essential construction in numerous industries such as cosmetics, agriculture, etc. Augmented demand for beauty and personal care products globally is expected to fuel the demand for silicone surfactants.
Silicone surfactants are used in many industries as emulsifiers, foaming agents, solubilizers, and softeners. They are also known to add leveling, slip, and mar resistance properties to coatings formulations.
Demand for silicone surfactants is rising significantly even during the COVID-19 pandemic owing to the increase in demand of consumers for various cleaning products. However, the decline in demand for paints & coatings, and construction materials across the globe is expected to hamper the demand for silicone surfactants in the near future.
Rapidly growing Cosmetic industry to boost the market growth
Demand for silicone surfactants has been rising owing to their utility in the cosmetics industry. Personal care and grooming have become an important part of people’s lifestyles. This is driving the demand for cosmetic products.
Silicone surfactants are used in a wide range of personal care products such as shampoos, hair conditioners, body washes, and soaps, along with other skincare products, among others. Silicone surfactant is used as an ingredient in a variety of products, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others, in the personal care industry.
The major factor driving the market is a growing demand from the personal care industry. The personal care industry is expected to account for the largest share of the silicone surfactant market over the forecast period.
Furthermore, when disposable income increases, people are more likely to spend on beauty and personal care. This tendency is becoming more visible in a number of rising economies, primarily in Asia, Africa, and Latin America. This rise in cosmetics appeal is broadening the outlook for silicone surfactants in the future.
Rising Demand from End–Use Industries Is Expected to Drive the Silicone Surfactants Market
The silicone surfactants market is currently growing due to the rising application scope in manufacturing paints, coatings, and inks. Silicone surfactants are primarily organic compounds derived from petrochemical raw materials such as benzene and ethylene, or oleo chemical raw materials such as palm oil or coconut oil.
They are widely used in a variety of applications, including personal care products, coatings and paints, and emulsion polymerization. The foaming, emulsifying, and dispersing properties of silicone surfactants have resulted in high demand for these surfactants around the globe.
With the increasing use of surfactants in emerging industries, the global market for silicone surfactants has grown significantly. The use of silicone surfactants to ensure noise insulation in buildings and houses has also given the global market a boost. Furthermore, the textile industry has emerged as a significant consumer of silicone surfactants. This has resulted in profitable opportunities for the market.
High Prices of Raw Materials May Impede the Market Growth
Although multiple application of silicone surfactants is driving market demand there exist market restraining factors as well.
For instance, price fluctuations of raw materials required for surfactant processing are influenced by a demand-supply gap, global and regional economic conditions, GDP growth, etc. acting as a restraint factor.
Also, the availability of low-cost synthetic surfactants is expected to limit the growth of the silicone surfactants market during the above-mentioned period. Also, the high price of silicone surfactants will pose a challenge to the growth of the silicone surfactants market.
Well-Established End-Use Industries in The Region Propel the Growth of the Market
North America is anticipated to hold a notable share of the global silicone surfactants market during the forecast period. The market in the region is anticipated to expand at a significant pace during the forecast period, owing to the well-established end-use industries in the region. The North American region dominated the market with a revenue share of over 31.4% in 2023
The growth of the market in the region is attributed to the increasing research and development activities in order to formulate novel personal care products and the adoption of natural cosmetics and personal care products in the region.
For instance, in November 2022 - Dow selected AB Specialty Silicones as an authorized distributor in the USA and Canada to support the Company’s business growth of OH functional silicone polymers in the elastomeric roof coating (ERC) market.
Silicone ERCs are liquid-applied coatings that cure into a durable, highly-elastic waterproof membrane for flat or low-sloping roofs. Silicones offer excellent UV stability and resistance to ponding water, especially valued for White Reflective Roof coating applications.
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The Growing Cosmetic Industry in Europe Boosts the Market Sales
The Europe silicone surfactants market is expected to rise at a CAGR of 4.5% from 2023 to 2033. Europe is the second-largest shareholder in the market, mainly due to the growing end-use industries in the region.
Europe is expected to follow a similar trend to that of North America which is set to witness substantial growth opportunities due to the high demand for cosmetic care and would drive the silicone surfactant market over the forecast period.
For instance, in February 2021 - Evonik, the leading solutions provider to the polyurethane (PU) industry announced that it has converted its entire silicone surfactants portfolio available in Europe, to only include low cyclic or low VOC-based (volatile organic compounds) products.
Rapid Industrialization in The Region to Drive the Growth of the Market in the Asia Pacific
Asia Pacific is estimated to dominate the market during the forecast period. The growth can be ascribed to the increase in demand for silicone surfactants in personal care, construction, textile, paints & coatings, and agriculture end-use industries, particularly in China and India. Asia Pacific is a lucrative market for personal care products, polyurethane foams, and agrochemicals.
Asia-Pacific dominates the global silicone surfactant market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption in countries such as China and India.
The Asia Pacific shows potential to stand with rising demand for cosmetics and personal care products. As the market is exclusively driven by a high millennial population and it projects the silicone surfactants market to jump higher in growth rates in the long run. The emulsion stabilizers market might witness huge popularity in the paint industry owing to its extrusive use in developing countries.
| United Kingdom | 4.5% |
|---|---|
| India | 4.4% |
| South Korea | 4.3 % |
| China | 4.56% |
| USA | 4.6% |
Emulsifier Segment Remains Dominant Among Other
Based on application, the emulsifiers segment is estimated to lead the silicone surfactants market in the near future, due to the rise in demand for emulsifiers in personal care, construction, and paints & coatings end-use industries. The emulsifier segment accounted for the largest share of 31.5% and is expected to continue this trend over the forecast period
The increase in applications of emulsifiers in cosmetics and personal care products has also contributed to the growth of the emulsifiers segment. Emulsifiers are used to stabilize polyurethane foam; hence, expansion of the polyurethane foam market is projected to fuel the emulsifiers segment of the silicone surfactants market.
On the other hand, the wetting agent segment is expected to witness a moderate share in the silicon surfactant market during the forecast period. Wetting agents are mostly used in agriculture to improve crop quality and growth. Wetting agents are also used in improving the quality and efficiency of crop production. Thus the agriculture industry depends on wetting agents it allows water to spread evenly on the surface and for better penetration.
Personal Care Segment Generates High Revenue in Silicone Surfactants Market
Personal care, construction, textile, paints & coatings, and agriculture are the major end-use industries of the global silicone surfactants market. The personal care segment is estimated to dominate the silicone surfactants market in the near future, owing to increasing demand for silicone surfactants in applications such as skincare, hair care, and personal hygiene products.
Increasing demand for non-hazardous ingredients in personal care products is also expected to fuel the demand for silicone surfactants in the personal care industry. Personal care products need a foaming agent to stimulate the product for better results.
Silicone surfactants are widely used in the paint and coating industry. The product enhances the workability of paints and coatings by providing longer retention and higher dispersion. Hence, the increasing demand for paints and coatings among industries such as construction, automotive, and wood is driving the market.
How do New Entrants Contribute to the Silicone Surfactants Market?
With technological innovations happening at a rapid pace, and companies looking for ways to increase customer engagement, start-ups are taking all possible steps to establish a name for themselves in the silicone surfactants market.
Lankem, molecule enterprise, and supreme silicones Ind Pvt Ltd. are some of the startups operating in the silicone surfactants market.
Supreme Silicones India Pvt Ltd has earned great accolades in the field of manufacturing and exporting a wide range of Silicone Specialty Chemicals. The products are exported to various countries including Asia, the Middle East and Africa. These are supplied to various industries such as Pharmaceutical, Rubber, Paper, Sugar, and others,
DOW Inc., Innospec, Momentive, Elkem Silicones, Shin-Etsu Chemical Co., Ltd., Evonik Industries AG, Andisil, Supreme Silicones, Siltech Corporation, Silibase Silicone are some of the key players in the silicone surfactants industry.
The manufacturers are involved in the production of silicon surfactants in a larger capacity. The global silicone surfactants market is consolidated with the presence of major international players. However, the presence of small- and medium-sized domestic players makes the market highly competitive
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR from 2023 to 2033 |
| Expected Market Value (2023) | USD 2.08 Billion |
| ProjectedForecast Value (2033) | USD 3.28 Billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million & CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive L&scape, Growth Factors, Trends & Pricing Analysis |
| Segments Covered | End-User, Type, Application, Regions |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa(MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Malaysia, Thail&, India, Singapore, GCC Countries, South Africa, Israel |
| Key Companies Profiled | DOW Inc.; Innospec; Momentive; Elkem Silicones; Shin-Etsu Chemical Co., Ltd.; Evonik Industries AG; Andisil; Supreme Silicones; Siltech Corporation; Silibase Silicone |
| Customization | Available Upon Request |
The global silicone surfactants market is likely to reach a valuation of USD 2.08 Billion by the end of 2023.
DOW Inc., Innospec, Momentive, Elkem Silicones, Shin-Etsu Chemical Co., Ltd., and Evonik Industries AG are some of the key players in the global silicone surfactants market
Sales of the silicone surfactants market are likely to expand at 4.66% CAGR through 2033.
The USA, Canada, Japan, China, & Germany are expected to drive most of the demand for the silicone surfactants market.
By the end of 2033, the global market for silicone surfactants market is predicted to reach a valuation of USD 3.28 Billion
| Estimated Market Size (2024E) | USD 18,432.1 million |
|---|---|
| Projected Market Value (2034F) | USD 29,456.9 million |
| Value-based CAGR (2024 to 2034) | 4.8% |
| Market Size Value (2022) | USD 6.5 Billion |
|---|---|
| Market Size Value (2032) | USD 12 Billion |
| Market CAGR (2022 to 2032) | 6.5% |
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